BMI maintains its cautious outlook for the Chinese port and shipping sector, highlighting that indicators continue to align to back our view of a slowdown in China’s economic growth. We maintain our 7.5% projection for real GDP growth for 2013, and caution downside risks to our forecast are certainly mounting. We expect the economy to expand by 6.7% in 2014. After a decade-long cycle of high commodities prices partly boosted by stellar demand growth in China, the ongoing slowdown of the country’s economy and rebalancing away from metal-intensive manufacturing and construction sectors raises questions over the future of China’s commodities …
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